Cryptocurrencies

Two major Russian banks to offer cryptocurrency products to their private banking clients

November 18, 2024

The private banking branches of Sberbank, Russia’s national savings bank, and Alfa-Bank, a major retail bank, will offer cryptocurrency-based investment options to their clients, the business daily Kommersant reported last week. The new products will combine six of the most frequently traded cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. The cryptocurrency composition of the …

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Sberbank and National Settlement Depository to test new ICO technology

November 26, 2018

As Russia prepares to regulate ICOs and cryptocurrencies, Russia’s central bank launched this past April a “regulatory platform” to experiment and implement new financial services and technologies that require legislative changes. This platform, which involves other state institutions and industry associations, will be used in the near future to test an ICO technology. The first transactions …

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Russia prepares for cryptocurrency and ICO regulation

May 25, 2018

Earlier this week the State Duma, the lower house of the Russian parliament, approved almost unanimoulsy in first reading a bill to regulate digital financial assets, including cryptocurrencies, and ICOs. According to the new law, digital financial assets are not a legal method of payment Russia. The text regards cryptocurrency and tokens as digital property, with the …

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Russian state-backed fund wants to tokenize Siberian diamonds, gold and gas

May 15, 2018

The Far East Development Fund, which is full owned by state development bank Vnesheconombank (VEB), has partnered with Singapore-based Diamundi to launch of a new cryptocurrency, the ‘D1 Coin,’ backed by Siberian diamonds. Diamonds are a traditionally illiquid asset class, but their tokenization means that anyone will be able to buy, own and sell a fractional …

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Why Russia is banning Telegram: FSB concerned by cryptocurrency project, not message encryption

April 20, 2018

The official reason for banning Telegram in Russia – its refusal to let the secret service decipher user messages, as required by Russian law, to “prevent terrorism” – might not be the real one. Revealed today by the Russian business daily RBC, an informal note written by an employee of the Federal Security Service (FSB), …

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Crypto and online marketing industries to converge in Prague at international conference (April 23-24)

April 3, 2018

In its second edition on April 23-24, 2018, the Crypto Affiliate & Marketing Conference (CRAC) will provide the communities of marketers and digital currency enthusiasts a new chance to network while showing their first projects at the junction of the two industries. “Less than one year ago everyone was just clueless. And look how fast …

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Report: Central and Eastern Europe accounts for 20% of the global ICO market

March 21, 2018

East-West Digital News and ICObench have studied the ICO market in Central and Eastern Europe (CEE), a region that includes Russia and more than 20 other countries. This region boasts an impressive record on the global ICO scene, according to this research. Analyzing some 237 ICOs and pre-ICOs with roots in CEE the region conducted last …

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The birth of a market: Mail.Ru Group now accepts bitcoin payments for ads, several startups in the running

March 12, 2018

Earlier this week Mail.Ru Group, an LSE-listed leading Russian Internet company, announced that its ad platform myTarget began accepting Bitcoin (BTC) and Bitcoin cash (BCH) as payment means for running ads on the group’s properties. These properties include Russia’s top social networks Vkontakte (VK) and Onoklassniki (OK) as well as two dozens of online resources …

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Crypto rush in Russia: Miners from nuclear research center may face up to 20 years behind the bars

February 15, 2018

The cryptocurrency fever can push people to a variety of ill-advised steps. In Russia, a group of employees of a nuclear research center in Sarov were detained by the Federal Security Service (FSB) for “unauthorized use” of the facility’s supercomputers to mine cryptocurrency. The news was reported last week by the online publication TJournal, which cited …

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Russian authorities still at odds over cryptocurrencies

January 15, 2018

While the Russian government and the central bank are preparing to regulate cryptocurrencies and ICOs — with a draft bill expected to be ready by mid-2018 —  notable divergences on the matter can still be observed among the concerned authorities. Thus Russian officials are wrestling with central bank Governor Elvira Nabiullina to allow the trading of cryptocurrencies …

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Moscow to host major conference on Blockchain and cryptocurrencies (Dec. 8-9)

November 15, 2017

On December 8-9, Moscow will play host to Cryptospace Conference presented as Eastern Europe’s largest conference dedicated to the Blockchain technology and cryptocurrencies. The event, organized by KICKICO, aims to overcome the localization of standard activities of the Russian crypto community, to bring them to a new level thanks to 40 top speakers from Asia, …

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